Ken Melvin, PE
banner
kenmelv.bsky.social
Ken Melvin, PE
@kenmelv.bsky.social
Husband, Father, Developer, Builder, Engineer, GC, MBA. Former LA-Ventura-Bakersfield Division President for top 5 US home builders. #Housing #ReSky formerly #Retwit, #FinSky formerly #Fintwit
Home affordability is getting crushed by insurance.

Nationally, property insurance rates have been on the rise for 26 consecutive quarters, starting in the last quarter of 2017. From 2017 to 2022, homeowners insurance premiums rose 40% faster than inflation.

bipartisanpolicy.org/blog/rising-...
Rising Insurance Costs and the Impact on Housing Affordability | Bipartisan Policy Center
Rising levels of extreme weather and climate-related risks have driven up property insurance costs in recent years, exacerbating affordability challenges for homeowners and apartment…
bipartisanpolicy.org
November 12, 2024 at 4:58 AM
Great read from Bloomberg.

How government policy priorities are making it harder to turn empty land into new homes. Probably one of the clearest ways to conceptualize the concept of crowding out. US gov. construction spending is contributing to material inflation.

www.bloomberg.com/news/newslet...
Government Policies Are Making it More Expensive to Turn Land Into Homes
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developme...
www.bloomberg.com
November 12, 2024 at 4:41 AM